GST Consultant in Vijayawada Arrested for Allegedly Creating and Using Fake Invoices Worth Rs. 42.73 Crore

A GST consultant in Vijayawada has been arrested by the Officers of the Directorate General of GST Intelligence (DGGI), Visakhapatnam Zonal Unit, in a major investigation GST evasion case for allegedly creating and using fake invoices worth Rs. 42.73 crore. This fraud caused a big tax loss of Rs. 6.51 crore in Goods and Services Tax (GST).

As per the officials, the GST consultant was given GST portal credentials by his client for filling GST returns, he misused them. Using those credentials, he created fake invoices from the names of his clients without actually supplying any goods. He also faked their GST returns and passed on the fraudulently claimed tax credit to a scrap dealer in Tamil Nadu.

The person was arrested under Section 69 of the CGST Act, 2017. He was responsible for creating fake invoices and illegally transferring Input Tax Credit (ITC) worth Rs. 6.51 crore. The person was then presented in the Special Judge for Economic Offences Court of Visakhapatna, and now the person is on remand for 14 days of judicial custody. Further investigation is under process.